Oncor reports Q1 net income up 17% to $212M, driven by higher revenues and customer growth.

Oncor Electric Delivery reported a net income of $212 million for Q1 2026, a 17% increase from $181 million in Q1 2025. The rise was mainly due to higher revenues from the Unified Tracker Mechanism and System Resiliency Plan, updated rates reflecting increased capital investment, and customer growth, despite lower consumption from milder weather. The company is investing heavily in Texas's power infrastructure with a $9 billion capital budget for 2026, supporting system expansion and reliability. Regulatory approvals have increased rates slightly, with new rates effective June 1, 2026, expected to raise residential bills by about 3%.